The Dow Jones industrial average set its fourth record close in two weeks, finishing less than a point above its previous closing high.
NEW YORK (AP) — The Dow Jones industrial average set its fourth record close in two weeks Tuesday, finishing less than a point above its previous closing high.
After a lackluster day of trading, broader indexes also rose slightly, putting the Standard & Poor’s 500 back near its 5 1/2 year highs.
Investors nudged stocks slightly higher in gains in advance of Alcoa’s after-the-bell quarterly financial report which traditionally marks the start of earnings season.
“If I’m an investor and I didn’t already buy, I don’t know what’s going to make me buy now,” said Doug Sandler, chief equity strategist, Wachovia Securities. “We’ll wait for the facts to come in when earnings come out.”
According to preliminary calculations, the Dow Jones industrials rose 9.36, or 0.08 percent, to close at 11,867.17. Its previous record, set Thursday, was 11,866.69.
Broader stock indicators were higher. The Standard & Poor’s 500 index rose 2.76, or 0.20 percent, to 1,353.42, and the Nasdaq composite index rose3.66, or 0.16 percent, to 2,315.43.